POLYGON - MATIC/USD - 1H - Technical analysis published on 04/14/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.394267 USD
My targets
0.425000 USD (+4.24%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on POLYGON - MATIC/USD. As long as you are above the support located at 0.394267 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.425000 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 0.394267 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The POLYGON - MATIC/USD price is 0.407700 USD. The price is lower by -3.48% since the last closing and was between 0.394800 USD and 0.448700 USD. This implies that the price is at +3.27% from its lowest and at -9.14% from its highest.0.394800
0.448700
0.407700
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of POLYGON - MATIC/USD indicates that the overall trend is bullish. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.350153 | 0.372089 | 0.384289 | 0.407700 | 0.425000 |
| Change (%) | -14.12% | -8.73% | -5.74% | - | +4.24% |
| Change | -0.057547 | -0.035611 | -0.023411 | - | +0.017300 |
| Level | Intermediate | Minor | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.312033 | 0.334467 | 0.378433 | 0.400867 | 0.444833 | 0.467267 | 0.511233 |
| Camarilla | 0.404140 | 0.410227 | 0.416313 | 0.422400 | 0.428487 | 0.434573 | 0.440660 |
| Woodie | 0.322800 | 0.339850 | 0.389200 | 0.406250 | 0.455600 | 0.472650 | 0.522000 |
| Fibonacci | 0.334467 | 0.359832 | 0.375502 | 0.400867 | 0.426232 | 0.441902 | 0.467267 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.238867 | 0.274833 | 0.316567 | 0.352533 | 0.394267 | 0.430233 | 0.471967 |
| Camarilla | 0.336933 | 0.344055 | 0.351178 | 0.358300 | 0.365423 | 0.372545 | 0.379668 |
| Woodie | 0.241750 | 0.276275 | 0.319450 | 0.353975 | 0.397150 | 0.431675 | 0.474850 |
| Fibonacci | 0.274833 | 0.304515 | 0.322852 | 0.352533 | 0.382215 | 0.400552 | 0.430233 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.170100 | 0.006900 | 0.183800 | 0.360800 | 0.537700 | 0.714700 | 0.891600 |
| Camarilla | 0.263378 | 0.295818 | 0.328259 | 0.360700 | 0.393141 | 0.425582 | 0.458023 |
| Woodie | -0.170150 | 0.006875 | 0.183750 | 0.360775 | 0.537650 | 0.714675 | 0.891550 |
| Fibonacci | 0.006900 | 0.142090 | 0.225610 | 0.360800 | 0.495990 | 0.579510 | 0.714700 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.34 | |
| MACD (12,26,9): | 0.0112 | |
| Directional Movement: | 12.898715 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.426509 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.411700 | |
| Elder Ray (13): | 0.006142 | |
| Super Trend (3,10): | 0.389921 | |
| Zig ZAG (10): | 0.418000 | |
| VORTEX (21): | 1.0648 | |
| Stochastique (14,3,5): | 52.34 | |
| TEMA (21): | 0.427318 | |
| Williams %R (14): | -52.01 | |
| Chande Momentum Oscillator (20): | 0.023200 | |
| Repulse (5,40,3): | -2.2314 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4644 | |
| Courbe Coppock: | 11.62 |
| MA7: | 0.377957 | |
| MA20: | 0.366010 | |
| MA50: | 0.325408 | |
| MA100: | 0.194593 | |
| MAexp7: | 0.419311 | |
| MAexp20: | 0.410886 | |
| MAexp50: | 0.392524 | |
| MAexp100: | 0.379531 | |
| Price / MA7: | +7.87% | |
| Price / MA20: | +11.39% | |
| Price / MA50: | +25.29% | |
| Price / MA100: | +109.51% | |
| Price / MAexp7: | -2.77% | |
| Price / MAexp20: | -0.78% | |
| Price / MAexp50: | +3.87% | |
| Price / MAexp100: | +7.42% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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